1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
WITCHER [35]
3 years ago
5

Harper Company lends Hewell Company $14,400 on March 1, accepting a four-month, 6% interest note. Harper Company prepares financ

ial statements on March 31. What adjusting entry should be made before the financial statements can be prepared
Business
1 answer:
azamat3 years ago
6 0

Answer:

Dr Interest Receivable $72

Cr Interest Revenue $72

Explanation:

Based on the information given the appropriate adjusting journal entry that should be made before the financial statements can be prepared will be to Dr Interest Receivable $72 and Cr Interest Revenue $72.

Dr Interest Receivable $72

Cr Interest Revenue $72

($14,400 × 6% × (1 months ÷ 12 months)]

$72

You might be interested in
What is the total cost of a $95. 00 item with a sales tax of 6%?.
serg [7]

The item has total cost paid after sales tax is $100.7.

The total cost for an item is the selling price that is paid after the addition of tax. The tax is the percent amount paid on the item over the selling price.

<h3>Computation for the total cost of the item</h3>

The cost of the item, <em>c</em> = $95

The percent tax added to the sale is, <em>t</em>=6%

The amount of tax paid is given as:

\text{ Amount}=c\;\times\;\dfrac{t}{100}\\\\ \text {Amount}=95\;\times\;\dfrac{6}{100}\\\\ \text {Amount}=5.7

The amount of tax paid on the item is $5.7.

The total cost of the item is given as:

\rm Total \;cost=\textit c\;+\;tax\\\\Total\;cost=95\;+\;5.7\\\\Total\;cost=100.7

The total cost paid for the item after sales tax is $100.7.

Learn more about tax, here:

brainly.com/question/1362871

3 0
2 years ago
For each market listed below, determine whether it is best characterized as a Cournot oligopoly, Stackelberg oligopoly, or Bertr
Semenov [28]

Answer: A. Cournot Oligopoly B. Stackelberg Oligopoly C. Bertrand Oligopoly

Explanation:

Cournot Model: In Cournot model, firms produce output independently and then set their prices. In this type of model, the products are typically standardized.

Stackelberg Model: In Stackelberg model, there is one firm who is quite dominant and that firm sets the price. Whereas, other firms or the competing lower firms usually follow the price leader.

Bertrand Model: In this model, firms have interaction with buyers in order to set prices and quantities.

3 0
3 years ago
In what way did the cotton gin contribute to the dramatic rise in production?
seropon [69]
B I believe this is the right answer
8 0
3 years ago
Three things that Improve human capital
elixir [45]
Three ways to improve human capital are education and training, monitoring performance, and hiring qualified people.
6 0
3 years ago
Explain why the sale of used goods is not included in GDP.
Natali [406]

Used goods are not included in the current year GDP, as they were already included in the year that they were produced. GDP stands for Gross Domestic Product, and includes the values of goods and services created that year in that specific country alone.

8 0
3 years ago
Other questions:
  • Randolph is a 30 percent partner in the RD Partnership. On January 1, RD distributes $15,000 cash and inventory with a fair valu
    6·1 answer
  • Magpie Corporation uses the total cost concept of product pricing. Below is cost information for the production and sale of 60,0
    12·1 answer
  • _____ is the process that occurs when a job applicant does research on an organization and concludes there is enough of a fit be
    13·2 answers
  • Martin Distributors has the following transactions related to notes receivable during the last two months of the year.
    6·1 answer
  • Loraine is a shareholder of Taley Corp. She would like to inspect and copy the company's minute book, accounting records, and sh
    5·2 answers
  • BC Corporation has 2.8 million shares of stock outstanding. The stock currently sells for $50 per share. The firm’s debt is publ
    11·1 answer
  • The salvage value on a piece of equipment for Excavators, Inc. is expected to be $10,000 in 12 years. If the discount rate is 8%
    7·1 answer
  • If a company has $10,000 in Cash, $2,000 in Accounts Receivable, $100,000 in Building and Land, $30,000 in Accounts Payable, and
    10·1 answer
  • Pyrdum Corporation produces metal telephone poles. In the most recent month, the company budgeted production of 3,500 poles. Act
    15·1 answer
  • General-purpose financial statements are the product of:____.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!